what he termed a"serious question" about the status of the XRP coin that is under contention as a security between both parties.
Charles pointed out that per the Howey Test, an asset becomes a security when the buyers of an asset have some form of"reasonable expectation of profits to be derived from the efforts of others." Based on this premise, he asked what profits those who purchased the cryptocurrency from the company’s executives expected to make at the end of the day. In his words:
Per Howey, an asset that is sold becomes security when the purchaser has a 'reasonable expectation of profits to be derived from the efforts of others' What profits were
CGasparino
CGasparino personality?! 😀 Sad ha!
lionel42399 CGasparino He‘s a 🤡
CGasparino Not you again please.
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